INSUBCONTINENT EXCLUSIVE:
Fintech startup Bunq is announcing a handful of new features today, such as a way to track group expenses without creating a joint account,
settle up balances.Bunq is essentially bundling these two features with Slice Groups for owners of the Bunq Travel Card
Given that the Bunq app already lists all your transactions, adding transactions to a group is easier than with your average group payment
tracking app.After adding other people to your Slice Group, each person can add expenses to the group
You get a list of your most recent Bunq transactions and you can add them to a group
You also can add manual transactions in case you paid for something using cash, for instance.This is just a group accounting feature
When you add a transaction to a Slice Group, your money remains in your account
But you can see who has a positive balance and who has a negative balance.When you settle up a group, people who owe money get a push
particularly well for groups of people who all use the Bunq Travel Card
Free users get a travel card with an account that they can top up
Paid users get a full-fledged bank account with banking information.Multiple paid users can already create joint accounts with their
You can then associate your Bunq card with a joint account and spend money from that joint account directly.So if you have a Bunq Travel
Card, Slice Groups are for you
individual card transactions with other users
It could take a while to settle all transactions after a long vacation
Revolut also lets you create Group Vaults
Those are sub-accounts to put some money aside and invite other people to contribute
But only the admin can withdraw and spend money from those vaults.N26 has promised Shared Spaces so that you can create sub-accounts and
share them with other people
You can create sub-accounts and share those accounts with other people
Everyone can then top up that account and attach a payment method, such as a payment card or a virtual card in Apple Pay or Google Pay
You also can move expenses from one sub-account to another
launching a web interface to access your bank account
You scan a QR code with your phone and you can then control the mobile app from a desktop web browser.Bunq should also work better with Siri
You can now send money using your voice or change card settings
Finally, the startup has also made improvements to its business accounts with a few new features
For instance, you can now automatically put money aside to pay back VAT later down the road.
